2258 California Ave · Bridgeport, MI 48601

$79,900

3 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 296 Days on market

Built 1971 6,098 sqft lot $79/sqft · 42% above area Est $113k · 29% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +6.6/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Bridgeport Township home with 3 bedrooms, with hardwood floors, 1 bath, a full basement, and a fenced-in yard-perfect for enjoying stunning sunrises and sunsets. Parcel 09-11-5-05-2397-000 is included This house is priced to sell, so come take a tour and make it yours. Let me help you find your dream home! BATVAI!

Key facts

• Full basement
• Hardwood floors
• Fenced-in yard

Tags

• HARDWOOD FLOORS
• FULL BASEMENT
• FENCED-IN YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($926 rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 6.1% in Bridgeport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 57/100 on livability (#638 in MI) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: health & safety C-, crime D, schools F.
• Bridgeport-Spaulding Community School District (suburban): math 7% / reading 17% proficiency, ranked #513 of 540 in MI (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 201 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 154 units permitted in Saginaw County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Saginaw County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 296 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $12k; list at $80k implies a 595% gain — meaningful room to come down on a strong offer.

Recommended offer $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 296 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 10.26%
• Cash-on-cash: 14.16%
• DSCR: 1.63
• GRM: 7.2

CMA / ARV

• ARV (median comp): $112,608
• List price: $79,900
• Delta: -29.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2108 California Ave	0.15mi	3/1.0	1,014 (0%)	7mo	$48,000	$47	88
2285 Nebraska Ave	0.11mi	3/1.0	1,008 (-1%)	11mo	$101,000	$100	85
2441 Indiana Ave	0.30mi	3/1.0	1,024 (+1%)	8mo	$113,197	$111	77
3910 Peach St	0.43mi	3/1.0	988 (-3%)	2mo	$94,000	$95	74
2488 Montana Ave	0.23mi	2/1.0 (-1)	1,028 (+1%)	10mo	$23,500	$23	73
2093 California Ave	0.16mi	2/1.5 (-1)	960 (-5%)	9mo	$63,000	$66	69
2516 Kansas Ave	0.42mi	3/1.0	1,065 (+5%)	4mo	$40,000	$38	69
2631 Tatham Rd	0.40mi	3/1.0	1,068 (+5%)	8mo	$62,100	$58	66
3519 Hidden Ln	0.51mi	3/1.0	1,008 (-1%)	13mo	$95,000	$94	65
2799 Longview Ave	0.66mi	3/1.0	968 (-4%)	3mo	$37,500	$39	60
3874 Plum St	0.46mi	2/1.0 (-1)	1,068 (+5%)	10mo	$120,000	$112	56
2837 Longview Ave	0.69mi	2/1.0 (-1)	864 (-15%)	14mo	$89,900	$104	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.17×
• Total profit: $3,827
• Equity at exit: $11,913

10-year hold

• IRR: 13.9%
• Equity multiple: 2.11×
• Total profit: $24,827
• Equity at exit: $6,908

Cash invested: $22,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48601

• Home prices YoY: -32.1%
• Active inventory: 201
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $926 high
• Mortgage (P&I): −$419
• Tax from tax record: −$16 /mo · $186/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $264

Break-even live

Break-even rent $592

Max offer price $79,900

Occupancy floor 66%

Sensitivity live

Price	-10% $309	-5% $287	+0% $264	+5% $241	+10% $219
Rent	-10% $191	-5% $227	+0% $264	+5% $301	+10% $337
Rate	-1.0pp $304	-0.5pp $284	base $264	+0.5pp $243	+1.0pp $222

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2620 Gemini St Unit GE2620 Saginaw, MI	3.0	2.0	1140	$920	$0.81	45d	1	0.47mi
2554 Apollo Dr Unit AP2554 Saginaw, MI	3.0	2.0	960	$883	$0.92	45d	1	0.47mi
2564 Apollo Dr Unit AP2564 Saginaw, MI	3.0	2.0	960	$883	$0.92	45d	1	0.48mi
2800 Gemini St Unit GE2800 Saginaw, MI	3.0	2.0	960	$920	$0.96	45d	1	0.60mi
3328 Webber St Saginaw, MI	3.0	1.0	878	$1,250	$1.42	45d	1	1.43mi

Listing history 39 events

1. 2026-06-21
   days on market $79,900 Active 296 DOM
2. 2026-06-18
   days on market $79,900 Active 294 DOM
3. 2026-06-17
   days on market $79,900 Active 293 DOM
4. 2026-06-16
   days on market $79,900 Active 292 DOM
5. 2026-06-15
   days on market $79,900 Active 291 DOM
6. 2026-06-13
   days on market $79,900 Active 289 DOM
7. 2026-06-12
   days on market $79,900 Active 288 DOM
8. 2026-06-09
   days on market $79,900 Active 285 DOM
9. 2026-06-08
   days on market $79,900 Active 284 DOM
10. 2026-06-07
    days on market $79,900 Active 283 DOM
11. 2026-06-07
    days on market $79,900 Active 282 DOM
12. 2026-06-04
    days on market $79,900 Active 279 DOM
13. 2026-06-02
    days on market $79,900 Active 278 DOM
14. 2026-06-01
    days on market $79,900 Active 277 DOM
15. 2026-05-31
    days on market $79,900 Active 276 DOM
16. 2026-05-31
    days on market $79,900 Active 275 DOM
17. 2025-11-22
    status Active 324-char remark

    Show marketing remark (330 chars)

    Charming Bridgeport Township home with 3 bedrooms, with hardwood floors, 1 bath, a full basement, and a fenced-in yard—perfect for enjoying stunning sunrises and sunsets. Parcel 09-11-5-05-2397-000 is included This house is priced to sell, so come take a tour and make it yours. Let me help you find your dream home! BATVAI!

18. 2025-11-22
    status Back on Market 330-char remark

    Show marketing remark (330 chars)

    Charming Bridgeport Township home with 3 bedrooms, with hardwood floors, 1 bath, a full basement, and a fenced-in yard—perfect for enjoying stunning sunrises and sunsets. Parcel 09-11-5-05-2397-000 is included This house is priced to sell, so come take a tour and make it yours. Let me help you find your dream home! BATVAI!

19. 2025-11-14
    status Pending 324-char remark

    Show marketing remark (330 chars)

    Charming Bridgeport Township home with 3 bedrooms, with hardwood floors, 1 bath, a full basement, and a fenced-in yard—perfect for enjoying stunning sunrises and sunsets. Parcel 09-11-5-05-2397-000 is included This house is priced to sell, so come take a tour and make it yours. Let me help you find your dream home! BATVAI!

20. 2025-11-14
    status Pending 330-char remark

    Show marketing remark (330 chars)

    Charming Bridgeport Township home with 3 bedrooms, with hardwood floors, 1 bath, a full basement, and a fenced-in yard—perfect for enjoying stunning sunrises and sunsets. Parcel 09-11-5-05-2397-000 is included This house is priced to sell, so come take a tour and make it yours. Let me help you find your dream home! BATVAI!

21. 2025-08-20
    listed $79,900 Active 330-char remark

    Show marketing remark (324 chars)

    Charming Bridgeport Township home with 3 bedrooms, with hardwood floors, 1 bath, a full basement, and a fenced-in yard-perfect for enjoying stunning sunrises and sunsets. Parcel 09-11-5-05-2397-000 is included This house is priced to sell, so come take a tour and make it yours. Let me help you find your dream home! BATVAI!

22. 2025-08-20
    listed $79,900 Active 324-char remark

    Show marketing remark (324 chars)

    Charming Bridgeport Township home with 3 bedrooms, with hardwood floors, 1 bath, a full basement, and a fenced-in yard-perfect for enjoying stunning sunrises and sunsets. Parcel 09-11-5-05-2397-000 is included This house is priced to sell, so come take a tour and make it yours. Let me help you find your dream home! BATVAI!

23. 2008-04-17
    soldstatus $11,500
24. 2008-04-10
    soldstatus $11,500
25. 2008-04-10
    soldstatus $11,500
26. 2008-03-26
    historical
27. 2008-03-03
    listed $9,500
28. 2008-03-03
    listed $9,500
29. 2008-02-05
    historical
30. 2008-02-05
    historical
31. 2007-10-15
    listed $12,000
32. 2007-10-15
    listed $12,000
33. 2007-06-30
    historical
34. 2007-06-30
    historical
35. 2006-07-24
    listed $21,300
36. 2006-07-24
    listed $21,300
37. 2006-06-13
    soldstatus $22,960
38. 2002-12-16
    soldstatus $12,500
39. 2001-08-15
    soldstatus $26,417

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $186 · $16/mo
• Projected year-2 tax: $708 · $59/mo
• Expected delta: +$522/yr (+$44/mo · 280.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,115
• − Mortgage interest: −$4,476
• − Property taxes: −$186
• − Insurance: −$400
• − Repairs & maintenance: −$889
• − Management: −$889
• − Depreciation: −$2,324
• Taxable income: $1,951
• Est. tax owed @ 24.0%: −$468
• After-tax cash flow: $2,699/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bridgeport-Spaulding Community School District
• NCES district ID: 2606780
• Math proficiency: 7% ▼ -4.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $38,403
• Composite: 10.13/100
• National rank: #9800
• State rank: #513 of 540 in MI

Livability — Bridgeport

• Score: 57/100
• State rank: #638
• US rank: #21636

Category grades

Amenities F Commute F Cost of living A+ Crime D Employment F Housing A- Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, MI
• Population (ZIP): 32,069

Population outlook (Saginaw County) Hauer SSP2

• Today (2025): 180,568 people
• By 2030: 172,302 · -4.6%
• By 2040: 153,919 · -14.8%
• By 2050: 135,519 · -24.9%
• By 2075: 97,199 · -46.2%
• By 2100: 65,037 · -64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 27% Hispanic / Latino 12% Two or more races 5%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Saginaw

• 2024 margin: Toss-up / Even · D 47.7% · R 51.0% · Other 1.4%
• 2008→2024 swing: -20.6pp toward R · 2008: 17.3pp · 2024: -3.3pp
• All cycles: 2024: R+3.3 2020: D+0.3 2016: R+1.1 2012: D+11.9 2008: D+17.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.46%
• Current HPI: 197.3359
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+202.5% since first listed

23 events — show timeline

• 2025-11-22 Relisted — REALCOMP
• 2025-11-22 Relisted — MiRealSource-MiMLS
• 2025-11-14 Pending — REALCOMP
• 2025-11-14 Pending — MiRealSource-MiMLS
• 2025-08-20 Listed $79,900 REALCOMP
• 2025-08-20 Listed $79,900 MiRealSource-MiMLS
• 2008-04-17 Sold (Public Records) $11,500 Public Records
• 2008-04-10 Sold (MLS) $11,500 REALCOMP
• 2008-04-10 Sold (MLS) $11,500 MiRealSource-MiMLS
• 2008-03-26 Listing Removed — MiRealSource-MiMLS
• 2008-03-03 Listed $9,500 REALCOMP
• 2008-03-03 Listed $9,500 MiRealSource-MiMLS
• 2008-02-05 Listing Removed — REALCOMP
• 2008-02-05 Listing Removed — MiRealSource-MiMLS
• 2007-10-15 Listed $12,000 REALCOMP
• 2007-10-15 Listed $12,000 MiRealSource-MiMLS
• 2007-06-30 Listing Removed — REALCOMP
• 2007-06-30 Listing Removed — MiRealSource-MiMLS
• 2006-07-24 Listed $21,300 REALCOMP
• 2006-07-24 Listed $21,300 MiRealSource-MiMLS
• 2006-06-13 Sold (Public Records) $22,960 Public Records
• 2002-12-16 Sold (Public Records) $12,500 Public Records
• 2001-08-15 Sold (Public Records) $26,417 Public Records

Property tax history

-13.7%/yr

Latest (2025): $186 · -85.5% YoY. Source: county tax records.